What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy?
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Yes, it is necessary that the service sector should contribute maximum to GDP of an economy. In some of the economies the prime share of GDP comprises of agricultural sector but in other economies, it consists of service sector. When the economy grows, this proportion changes.
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What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy?Yes, it is necessary that the service sector should contribute maximum to GDP of an economy. In some of the economies the prime share of GDP comprises of agricultural sector but in other economies, it consists of service sector. When the economy grows, this proportion changes.
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